The paper explores a fundamental mechanism of inflation by explicitly including a governmentfs optimization problem … into a general equilibrium model assuming a Leviathan government. The result is clear- cut and beautiful: inflation is … that explains various types of inflation, e.g. hyperinflation, chronic inflation, disinflation and deflation, by this …

This paper analyzes the effects of anticipated inflation on the resource allocations between production and financial … of each sector depends, among other factors, on the inflation rate. Higher inflation increases the marginal revenues of … costs of inflation. To estimate the change in the production structure and, thus, the costs of inflation we analyze data …